Maple Brown Abbott Ltd Acquires 60,100 Shares of Full Truck Alliance Co. Ltd. (NYSE:YMM)

Maple Brown Abbott Ltd grew its stake in shares of Full Truck Alliance Co. Ltd. (NYSE:YMM) by 104.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 117,472 shares of the company’s stock after purchasing an additional 60,100 shares during the period. Full Truck Alliance comprises approximately 0.2% of Maple Brown Abbott Ltd’s portfolio, making the stock its 15th biggest position. Maple Brown Abbott Ltd’s holdings in Full Truck Alliance were worth $1,271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of YMM. First Beijing Investment Ltd bought a new stake in Full Truck Alliance during the third quarter worth $123,804,000. Polunin Capital Partners Ltd bought a new stake in shares of Full Truck Alliance in the 3rd quarter worth $29,632,000. Sylebra Capital LLC raised its holdings in shares of Full Truck Alliance by 57.9% in the second quarter. Sylebra Capital LLC now owns 8,011,918 shares of the company’s stock valued at $64,416,000 after purchasing an additional 2,939,456 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Full Truck Alliance by 1,220.8% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,985,200 shares of the company’s stock valued at $15,961,000 after purchasing an additional 1,834,900 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Full Truck Alliance during the third quarter worth about $10,814,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on YMM shares. Citigroup upped their target price on Full Truck Alliance from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut Full Truck Alliance from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $12.00 to $13.00 in a research note on Wednesday, December 11th.

Full Truck Alliance Trading Up 2.1 %

Shares of NYSE YMM opened at $11.52 on Monday. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of 27.42 and a beta of 0.25. The stock has a fifty day simple moving average of $10.70 and a two-hundred day simple moving average of $9.05. Full Truck Alliance Co. Ltd. has a 1-year low of $5.70 and a 1-year high of $12.47.

Full Truck Alliance Company Profile

Full Truck Alliance Co Ltd., together with its subsidiaries, operates a digital freight platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types in the People's Republic of China. The company offers freight matching services, such as freight listing and brokerage services; and online transaction services, as well as various value-added services, such as credit solutions, insurance brokerage, software solutions, electronic toll collection, and energy services.